Stocks Fall, Oil Prices Rise

[ForexExpert]

Stocks Fall For Second Day

Stocks fell for a second day today on information regarding banks & the auto industry. After a two month rally, stocks have seen losses the past two days. Although it may seem like a negative economic indicator, the losses are most likely a natural fluctuation in the markets.

Oil Prices Rising Again


As the price per barrel begins to rise again to levels not seen since November 2008, there is a debate whether the rise is positive or negative news for the economy.

The rising prices indicate a rise in overall economic health and oil demand, but higher prices at the pump could put a dent in consumer's wallets, as $4/gallon prices are still fresh in everyone's minds.

[cozy]

Oil fell towards $58 a barrel on Monday, reversing some of the previous session's near 3 percent gains, as investors took profit amid warnings that any global recovery will only be gradual. Oil rose more than 3 percent on Friday to touch a near six-month high as economic data showed fewer-than-expected jobs were lost in April and stress test results lifted some uncertainty over the health of major American banks.

[ForexExpert]

Thanks for that info cozy.

[cozy]

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Regards